09 Feb 2010

Indonesia KPB Nusantara Sells 5,500 Tons Crude Palm Oil At Auction Monday

JAKARTA (Dow Jones)--Indonesia's PT Perkebunan Nusantara said Monday in a statement it sold 5,500 metric tons of crude palm oil offered in a government auction.

PT Musim Mas bought 2,500 tons, on an ex-factory basis, at IDR7,425 a kilogram. The company bought a further 500 tons, free-on-board Bunut, at IDR7,204/kg.

PT Pacific Palmindo Industri bought 1,000 tons, on an ex-factory basis, at IDR7,425/kg.

PT Intibenua Perkasatama bought 1,000 tons, FOB Siak, at IDR7,348/kg.

PT Wira Inno Mas bought 500 tons, FOB Ophir, at IDR7,242/kg.

Following are Indonesian prices for crude palm oil (CPO) quoted at a tender by PT KPB Nusantara (formerly known as the state marketing centre) on Monday:

Buyer Volume Price Terms

(tonnes)(Rp/kg)

PT Musim Mas 500 7,425 Ex-factory Medan

PT Musim Mas 2,000 7,425 FOB Belawan

PT Pacific Palmindo 1,000 7,425 FOB Belawan

PT Inti Benua Perkasatama 1,000 7,348 FOB Siak

PT Musim Mas 500 7,204 Ex-factory Bunut

PT Wira Inno Mas 500 7,242 Ex-factory Ophir

Total volume offered 5,500

Total volume traded 5,500

Previous auction volume 2,000

Previous top price 7,326